CSE: PAU | FSE: 3PG...1,093,867 warrants are exercisable to acquire one common share of the...

CREATING WEALTH BY

IDENTIFYING SUBSTANTIAL

UNDISCOVERED MINERAL PROPERTIES

CSE: PAU | FSE: 3PGp r o v e n a n c e g o l d . c o m

01CSE: PAU | FSE: 3PG | provenancegold.com

This document is current as of February, 2020. The information contained in this presentation is provided by Provenance Gold Corp. (“PGC” or “Provenance”) for informational purposes only and does not constitute an offer to issue or arrange to issue, or the solicitation of an offer to issue, securities of PGC or other financial products. The information contained herein is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The views, opinions and advice provided in this presentation reflect those of the individual presenters, and are provided for information purposes only. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of PGC nor its directors, officers, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of the information contained in this presentation. Except for statements of historical fact, this presentation contains certain “forward-looking information” within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements, including, among others, PGC’s cash position, market conditions or property conditions. PGC undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. This presentation does not constitute an offer of shares for sale in the United States or to any person that is, or is acting for the account or benefit of, any U.S. person [as defined in Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”) (“U.S. Person”)], or in any other jurisdiction in which such an offer would be illegal. We seek safe harbour. This document may not be reproduced, further distributed or published in whole or in part by any other person. This document may only be disseminated or transmitted into any jurisdiction in compliance with, and subject to, applicable securities laws. Readers are required to ensure their compliance with applicable securities laws.

DISCLAIMER & CAUTIONARY STATEMENT


ABOUT PROVENANCE GOLD

The recently acquired 2024 acre Silver Bow property in Nevada is located

approximately 40 miles east of Tonopah, a part of Nevada with major

historic silver and gold mines. Silver Bow is a gold and silver property which

contains a strong structurally controlled mineralization system in which the

key targets are untested. The property was the site of small-scale

intermittent mining activities from 1906 to 1964.

SILVER BOW PROPERTY

• Publicly trading on the Canadian Securities Exchange (CSE), under the trading symbol PAU, and on the Frankfurt Stock Exchange (FSE) under the trading symbol 3PG

• Incorporated in British Columbia, Canada

• Building a Nevada, USA based portfolio of properties with an interest in Yukon, Canada

• Formed in 2016, entered into an option agreement acquiring 192 lode claims in the Moosehorn Ridge area of southwest Yukon

• Acquired option on the Silver Bow property in Nevada during 2018, consisting of 102 lode claims covering over 2000 acres

• In the process of acquiring an additional silver and gold property in Nevada covering 184 claims and over 3600 acres bordering active Carlin-type gold exploration

• Historical drill logs in addition to active and calculated surface exploration point towards defining several economical open pit mines on both properties


• Provenance’s claims cover approximately 2024 acres and cover multiple target areas

• The property hosts a large, strong, zoned mineral system with numerous shallow historic gold and silvermines. Exploration and understanding of the system has identified major gold and silver targets.

• Potential to host several million ounces of gold and upwards of 100 million ounces of silver on the property

• Drilling will commence almost immediately on the first target area called the Blue Horse

• The larger second target area called the north and south flow domes will commence permitting to becompleted within the first quarter of 2020

• The flow dome targets to be drilled once permitting is completed potentially host a high-grademultimillion-ounce gold system in their boiling zones

• Initial Blue Horse target could host 400,000 ounces gold and over 10 million ounces silver and expand toin excess of a million ounces gold and a much larger silver resource as it continues northwestward

• 7-year option agreement that commenced in 2018 with a 2% NSR able to be purchased for $1M

THE SILVER BOW PROPERTY

EXPLORATION HIGHLIGHTS• Surface sampling and local historic mines identified several locations with both

high-grade and disseminated open-pit grade mineralization

• Recent and ongoing work sampled values to 74 oz/t silver and 22 g/t gold

• Limited historic drilling on the margin of the Blue Horse target intersected zones up to 120feet thick of near-surface mineralization containing 0.01 to 0.03 oz/t gold and one oz/t silver

Location of the Silver Bow Property


THE SILVER BOW PROPERTY

View from the first Blue Horse gold/silver deposit which includes all of the whitesilicified volcanic rock toward the distant flow domes on the left horizon. This

extensivezone of mineralization curves around the hill to the flow domes.

View uphill on the extensive Blue Horse zone. The white, silicified volcanic rockhas been extensively gold and silver mineralized by veins within the zone.

A silicified outcrop north of the Blue Horse zone. Chip sampling of this outcropassayed 3.09 g/t gold and 68 g/t silver.

One of the high-grade veins that was locally historically mined in theBlue Horse zone.


YUKON PROPERTY

• 192 quartz claims covering 3,705 ha (9,156 acres) acquired in 2016

• On-going seasonal placer mining in creeks at lower elevations

• Complete camp, infrastructure and workshop

• Road network throughout property

• 2300 foot landing strip plus a second strip

• Extensive fleet of earthmoving equipment and support vehicles

• Winter access via road from Alaska Highway

EXPLORATION HIGHLIGHTS• Exposed vein that assayed 803 g/t gold

• 122.5 g/t gold from a 1.8 metre channel sample

• 15 g/t gold from bulk sampling

• Further gold zones showing gold-bearing veins identified

• Determination that gold mineralization occurs in anortheast trend several kilometers long


FINANCIAL SNAPSHOTTRADING SYMBOLS - Canadian Securities Exchange (CSE): PAU – Frankfurt Stock Exchange (FSE): 3PG

COMMON SHARESOUTSTANDING

38,099,131

YEAR END

December31st

CASH POSITION (January 2020)

$150,000 CAD

MARKET CAP

$5MCAD

Yukon Option Agreement through 2023Nevada Option Agreement through 2025

ASSETS OWNERSHIP STRUCTURE

ZeroLIABILITIES & DEBT

WARRANTS OUTSTANDING

1,000,000 options have been granted at $.25 CADOPTION GRANTED

1,093,867 warrants are exercisable to acquire one common share of the Corporation for $0.30 per share expiring March 7, 2020

1,033,000 warrants are exercisable to acquire a common share of the Corporationfor $0.40 per share expiring May 8, 2020

Institutional Holdings/Public Float

Close Associates/Founding Shareholders

Insiders

24%21%

55%


2020 EXPLORATION PROGRAMSILVER BOW

CORPORATE

• Strong gold and silver targets have been outlined through assays and field work

• Target area called the Blue Horse expected to initially prove up 400,000 ouncesof gold and 10 million ounces of silver completely open to the northwest

• Drilling to commence early in 2020 with critical targets identified

• Silver Bow property has the potential to host several million ounces of gold andupwards of 100 million ounces of silver by way of open pit mining

• Initial drill program will be 12 - 15 holes with a total footage of 5,000 feet - inaddition permitting of the north and south flow dome targets is anticipated tobe completed in 2020

• The corporate and administration budget for the year is $250,000


WHY INVEST IN PAU?

Fast tracking economical resource

development in Nevada

Current properties have the potential

to hold significant gold systems

High probability of a major silver

system in Nevada

The ability and access to work year

round for more results

A well thought out, tight and secure

public structure

Aggressive, strategic, proven and

committed management

Lean company operations putting more

resources into the ground

Extensive network for further property

evaluations to ensure maximum shareholder

value through pivotal acquisitions

No current debt


MANAGEMENT

Mr. Perttu is a registered professional geologist whose experience spans more than 40 years covering all aspects of mineral exploration and development throughout North, Central and South America, and Australia. Most notably Mr. Perttu worked in upper management for Kennecott as well as Gulf Minerals and has participated in all phases of project development from initial concept through exploration, feasibility, development and operations, specializing in gold, silver, uranium and coal. He holds B.A. and MSc degrees in geology and is a registered engineering geologist in Oregon.

Mr. Perttu has discovered several mineral deposits including a multi-million-ounce gold discovery in Montana, and other gold and polymetals deposits in the western United States. Mr. Perttu also discovered, acquired and developed coal deposits in North America and Australia.

RAUNO PERTTU

Mr. Clark is an entrepreneur and venture capitalist who has been the President of RBM Financial Inc. for the past twenty years. Mr. Clark has extensive experience within both the private equity markets, and domestic and international equity markets, having been a part of many transactions including mergers, acquisitions, company buyouts and corporate restructuring. The British Columbia Institute of Technology (BCIT) provided Mr. Clark with the valuable tools needed to implement his entrepreneurial vision.

Since 2016 Mr. Clark has been the President and Chief Financial Officer of Provenance, and has played a key role in the company’s development, corporate formation, subsequent CSE listing and ongoing operations.

ROB CLARKCO-FOUNDER, CHAIRMAN & CEO

Mr. Craig serves as the Company's chief geologist and has extensive knowledge of Nevada geology, ore deposits and exploration opportunities. Mr. Craig worked in Nevada senior management for Kennecott for 23 years and has personally managed and supervised over 120 separate drill projects, several of which became new discoveries or resource expansions of previously developed ore deposits. Some of the bigger projects where Mr. Craig was involved included the Rawhide gold mine expansion, the Pipeline gold discovery, the 40-million-ounce Lihir Island gold discovery in PNG and the Questa molybdenum mine expansion. Other projects include Gemfield, currently being developed by Waterton, the Midway gold discovery, the Briggs gold discovery and expansion, the Cahuilla gold expansion, The Mary Harrison gold discovery in the Mother Lode and many other lesser important discoveries. Mr. Craig also has an extensive 23-year career with junior exploration/mining companies and was part of the team that expanded reserves at Borealis and built a heap leach mine. He was also involved with the Ashdown gold / molybdenum mine development and the Contact Copper resource expansion. His last significant discovery was at El Tigre, Mexico with expansion of a new gold and silver resource. He is currently responsible for bringing new opportunities into Provenance for evaluation and acquisition in addition to overseeing exploration activities.

STEVE CRAIGGEOLOGIST

CO-FOUNDER, PRESIDENT & CFO

Mr. Martin has been an athlete all his life and was awarded a full ride scholarship to the University of Denver where he pursued his hockey career. He was a member of the Calder Cup champions, the Sherbrooke Canadians, and was a first team all star in the AHL. He continued his hockey career playing in the National Hockey League (NHL). After his hockey career ended he ventured into business and finance where he has managed and invested in several successful businesses over the years. Mr. Martin has also utilized his sports and media ties domestically and internationally to raise capital for both private and public corporate entities. Mr. Martin’s solid work ethic and his ability to be a team player are invaluable components for our company.

DIRECTORTHOMAS MARTIN


SERVICE PROVIDERS

Click to view our Yukon Property 43101 Report

885 West Georgia Street, Suite 2200Vancouver BC, Canada

V6C 3E8

Website: https://provenancegold.com

Contact: [email protected]

Tel: 1.604.999.9590

COMPANY COUNSEL

CASSELS BROCK

2200 – 885 West Georgia StreetVancouver BC V6C 3E8

1.604.283.1485

http://www.casselsbrock.com

COMPANY AUDITORS

DEVISSER GRAY

401-905 West PenderVancouver BC V6C 1L6

http://www.devissergray.com

TRANSFER AGENT

TMX Group

https://tmx.com

CANADIAN SECURITIES EXCHANGE (CSE)

https://thecse.com

Provenance has acquired trusted service providers for guidance, support, and validation. Provenance has gone through extensive vetting of all of its service providers, and has selected representation that reflects a commitment to the highest standard of ethical and compliant business practices. Provenance is

differentiating itself in the industry as a most trusted and transparent participant.

CSE: PAU | FSE: 3PG...1,093,867 warrants are exercisable to acquire one common share of the...

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